Though progress is on the way toward and energy deal with China at the China-US Economic Dialog, with the changing administration, the stakes just got higher for China. Grist reports that:
China is pursuing cleantech so aggressively that, were it not for the election of Obama, they would have been a lock to be the global leader in the clean energy production and export.
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The Wall Street Journal contends that:
The transition in the U.S. government make it close to certain that the discussions won’t yield breakthrough agreements on issues such as currency reform. U.S. President-elect Barack Obama hasn’t said whether he will continue the semiannual Strategic Economic Dialogue, which was conceived by U.S. Treasury Secretary Henry Paulson.
But for Cleantech industries, it’s all good!
If the U.S. and China can truly commit to this program of joint cooperation the environment will benefit greatly, and China has the opportunity to lead the way with Cleantech, but at the present time they still have much to prove with regards to how serious they are.
If the U.S. and China can truly commit to this program of joint cooperation the environment will benefit greatly, and China has the opportunity to lead the way with Cleantech, but at the present time they still have much to prove with regards to how serious they are.